Tata Teleservices Maharashtra (TTML) has received demands from the Department of Telecommunications concerning subscriber verification norms. The demands pertain to the period from April 2007 to April 2012. TTML is currently reviewing the demands and evaluating the next steps. The potential financial impact is limited to the extent of the levied penalties.
Demands Received from Department of Telecommunications
Tata Teleservices Maharashtra (TTML) has received two demands from the Department of Telecommunications – Maharashtra LSA. These demands are related to compliance with subscriber verification norms under the license agreement.
Details of the Demands
The demands cover the period from April-2007 to April-2012. The penalties being assessed include Rs. 29,32,000/- for the period from April-2007 to March-2009, and Rs. 4,39,31,200/- for the period from April-2009 to April-2012. These penalties are for alleged violations of subscriber verification norms.
Company’s Response
TTML is currently reviewing these demands and evaluating its options. The company is obligated to ensure proper verification of customers before enrolling them as subscribers and to adhere to the instructions issued in this regard. The maximum financial impact is the extent of the penalty levied.
Source: BSE